1月31日（日）の続き（第5回）
When rates rise, it's supposed to mean the economy is getting stronger, which in the U.S. it has been, at least in terms of job creation. But as too many Americans know too well, there is little or no real wage growth, which is very unusual at this point in an expansion. That is especially problematic in an economy like the U.S.'s, 70% of which is consumer spending. There are more jobs, but not the kind that put more money in people's pockets or make it possible for consumers to drive demand in the global economy. We have a "recovery", but in many ways it is a genetically modified recovery, not created by real growth on Main Street.
単語
wage:
(singular): a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piece work bases - often used in plural.
(plural): the share of the national product attributable to labor as a factor in production.
problematic: constituting, or presenting a problem or difficulty.
constitute: be (a part) of a whole.
demand: willingness and ability to purchase a commodity or service.
-on demand: upon presentation and request for payment; also: when requested or needed.
genetic :
relating to or determined by the origin or development, or causal antecedents of something.
modify:
to change somewhat the form or qualities of; alter partially; amend:
make partial or minor changes to (something), typically so as to improve it or to make it less extreme.
When rates rise, it's supposed to mean the economy is getting stronger, which in the U.S. it has been, at least in terms of job creation. But as too many Americans know too well, there is little or no real wage growth, which is very unusual at this point in an expansion. That is especially problematic in an economy like the U.S.'s, 70% of which is consumer spending. There are more jobs, but not the kind that put more money in people's pockets or make it possible for consumers to drive demand in the global economy. We have a "recovery", but in many ways it is a genetically modified recovery, not created by real growth on Main Street.
単語
wage:
(singular): a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piece work bases - often used in plural.
(plural): the share of the national product attributable to labor as a factor in production.
problematic: constituting, or presenting a problem or difficulty.
constitute: be (a part) of a whole.
demand: willingness and ability to purchase a commodity or service.
-on demand: upon presentation and request for payment; also: when requested or needed.
genetic :
relating to or determined by the origin or development, or causal antecedents of something.
modify:
to change somewhat the form or qualities of; alter partially; amend:
make partial or minor changes to (something), typically so as to improve it or to make it less extreme.